For salaried people
this tool will be useful in caculating the tax
deduction on HRA.
The minimum of these three values will determine
your HRA tax deduction
-- The House Rent Allowance you get
-- (Annual_Basic + Annual_DA) X City_factor
(City_factor is 0.5 for Metros and 0.4 for Non-Metro
cities)
-- Annual_Rent_Paid - 10% of (Annual_Basic +
Annual_DA)
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